The founder of Galaxy Digital predicts that the price of Bitcoin will rebound through GBTC alternatives
Cryptocurrency market analyst Chris J Terry recently predicted that the price of Bitcoin (BTC) may remain stagnant or fall before the $25 billion liquidation of GBTC is completed. Galaxy Digital founder Mike Novogratz holds a different view. He believes that despite the expected sell-off of GBTC, most investors will still shift their attention to alternative ETFs, leading to an increase in Bitcoin prices within six months.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Polygon discloses security flaws fixed in recent hard forks
Ballard names GeoPura CEO Andrew Cunningham as president, adds him and Lord Harrington to board
Ballard Power closes GBP 275 million acquisition of GeoPura
Enjoei announces shareholder meeting